Appling Enterprises issued 8% bonds with a face amount of $400,000 on January 1, 2013. The bonds sold for $331,364 and mature in 2032 (20 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter during 2013 as determined by their market values in the over-the-counter market were the following:

March 31	$350,000
June 30	340,000
September 30	335,000
December 31	342,000

Required:
1.	By how much will Appling